The SEC announced that it will pay a whistleblower over $150,000 as a reward for bringing information to the Commission that resulted in a successful enforcement action. Although the dollar amount may pale in comparison to the $14 million award announced earlier this month, the SEC has repeatedly emphasized that one of the key benefits of the program is that it allows the Commission to quickly open an investigation and “stop ongoing frauds before additional investigators can be harmed.” The SEC awarded the whistleblower 30 percent of the money collected in the action, which is the maximum percentage allowed under the Dodd-Frank law.

Read the entire press release, “SEC Rewards Whistleblower With $150,000 Payout”